NiceHash Founder to be Accused of Fraud by FBI

Bureau believes Matjaž Škorjanc had fraudulently received, and sold the data on the cybercrime forum he had created and Darkode darknet-marketplace
11 June 2019   486

The Federal Bureau of Investigation (FBI) has accused the founder of the mining marketplace NiceHash Matjaž Škorjanc of extortion and fraud in the banking sector, Decrypt reports.

In particular, the FBI claimed that Škorjanc had fraudulently received, and then sold the data on the cybercrime forum he had created and Darkode darknet-marketplace.

The site was closed in 2015, when more than 70 people were arrested. Nevertheless, Darkode resumed work a few months ago.

Now, along with three other suspects, Škorjanc is accused of breaking into bank accounts and credit card data in order to steal personal information.

It is alleged that from 2008 to 2013, the total damage from the activities of Darkode amounted to about $ 4.5 million.

Note, this is not the first accusation against Matjaž Škorjanc. In 2013, he was sentenced to four years and ten months in prison for creating malware used for the Mariposa botnet, which infected more than a million computers.

In 2017, the wallets of NiceHash users were hacked and bitcoins worth $ 60 million were  stole. In the summer of 2018, returned to their customers about 60% of stolen assets.

600k New Miners to Join BTC Network in 3 Months

Experts believe that hashrate and complexity will continue to grow
17 September 2019   53

Hashrate and bitcoin mining difficulty have increased by 60% since mid-June. This indicates that more than 600 thousand new devices for mining are connected to the network, Coindesk reports.

Since the beginning of summer, several new ASIC miners with an average capacity of 55 TH / s have appeared on the market.

With an average device cost of $ 1,500- $ 2,500, the total revenue of leading manufacturers could be $ 1 billion.

The increase in demand for equipment is partly due to an increase in the price of bitcoin, as well as the rainy season in southwestern China and, therefore, cheap hydropower.

Following the drastic increase in bitcoin’s price, the bitcoin mining market saw significant inflation in Q2 2019. Most of the miners from various manufacturers were in serious shortage and pre-orders submitted in Q2 and Q3 are to be delivered by the end of the year.
 

Tokensight

According to their estimates, the hashrate and complexity will continue to grow. By the end of the year, the total computing power of the bitcoin network will exceed 100 EH / s, and the mining complexity will be 15 trillion, they say.